Washington, D.C. 20549
PURSUANT TO SECTION 13 OR 15(D) OF THE
ACT OF 1934
Date of Report (Date of earliest event reported): November
NET PROFITS TEN INC.
Name of Registrant as Specified in Charter)
|(State or Other Jurisdiction of
||(Commission File Number)
||(IRS Employer Identification |
|7956 Gen Luna Street, Quiapo Metro,
|(Address of Principal Executive Offices)
||(Zip Code) |
Registrants telephone number, including area code:
(Former Name or Former Address,
if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is
intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions (see General Instruction .2. below):
[ ] Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a -12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d -2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e -4(c))
SECTION 5 CORPORATE GOVERNANCE AND MANAGEMENT
Item 5.03 Amendments to Articles of Incorporation or Bylaws;
Change in Fiscal Year.
Effective November 8, 2012, Net
Profits Ten, Inc. (the Company) amended its Articles of Incorporation to
increase its authorized shares of common stock from 100,000,000 to 500,000,000.
The Certificate of Amendment to the Companys Articles of Incorporation
increasing the authorized common stock is filed herewith as Exhibit 3.1 and
incorporated herein by reference.
SECTION 8 OTHER EVENTS
Item 8.01 Other Events.
The Companys Board of Directors
previously approved a stock dividend of 180 shares of common stock of the
Company for each share of common stock issued and outstanding, subject to
necessary regulatory processing and approval by the Financial Industry
Regulatory Authority (FINRA). The Company has received approval from FINRA to
proceed with the stock dividend on November 8, 2012. In accordance with the
proposed stock dividend, the Company issued a dividend of 180 shares of common
stock of the Company for each share of common stock issued and outstanding as of
the record date of November 8, 2012 (the Stock Dividend). The payment date for
the Stock Dividend is November 8, 2012.
The Stock Dividend will increase
the number of the Companys issued and outstanding common stock to 146,668,825,
from the current 810,325. The Stock Dividend will not affect the number of the
Companys authorized common stock or its par value, which remain at 500,000,000
and $0.0001 par value per share, respectively.
SECTION 9 FINANCIAL STATEMENTS AND EXHIBITS
Item 9.01 Financial Statements and Exhibits.
Pursuant to the requirements of
the Securities Exchange Act of 1934, the Registrant has duly caused this Current
Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly
||NET PROFITS TEN INC. |
|Date: November 8, 2012
Marlon Liam |
||Marlon Liam |
||President and Director |